Canada’s newest tech darling closed up 80% in its first week of trading. Oversubscribed offering grows to $172.5M from $100M. The Company’s customers include top tier financial institutions and law firms serving customers in Canada and the UK. [more]
The top six banks in the U.S. reported Q2/2020 earnings and struggled with consumer and retail banking divisions due to the COVID-19 pandemic enforcing social isolation guidelines. However, most banks maintained dividend payments due to strong growth in investment banking and sales & trading divisions. [more]
Last month, Canadian ETFs experienced C$4 billion in net inflows. The top two ETFs with the highest net inflows so far this year were Horizons S&P/TSX Capped Composite Index ETF and Horizons Canadian Select Universe Bond ETF, which together attracted C$2.5 billion in capital. [more]
Rocket Companies’ flagship business, Rocket Mortgage, an online mortgage origination platform and app, reported over US$1 trillion in home loans to date, growing in market share to 9.2% in Q1/2020 from 1.3% in 2009, at a CAGR of 19%. [more]
Peak’s revenue in Q1/2020 was $3.9M, up over 300% year-over-year, even with the Covid-19 pandemic impacting operations in China. Peak’s revenue benefited late in Q1/2020 from the Company’s lending platforms being used to help distribute government relief funds to SME’s that were affected by the coronavirus. [more]
Recent low stock prices enabled activist investors to quietly buy up shares, leaving many companies vulnerable to becoming the target of shareholder activism in the future. Hugo Boss, easyJet, Tesla and Uber have all been under pressure from shareholders this year. [more]
Uncertainties caused by Covid-19 created a stronger demand for precious metals, increasing quarterly and annual revenue results but positive profits for the last quarter & fiscal year were elusive. [more]
Digital Marketing Agency evolving into a data & analytics company as EQ’s data segment grows 112% Y/Y and the company signs key partnerships with data and service providers across Advertising, Banking, Financial and Insurance industries. [more]
Peak’s revenue in 2019 was $11.7M compared to $1.7M in 2018. The increase in revenue during the year was attributed to new service offerings from the Company’s ASDS, ASCS and ASSC subsidiaries, accounting for $8.3 million of new revenue. [more]
This week, major Canadian banks reported Q2/2020 earnings, with banks such as TD, who have a strong focus on consumer and commercial banking, impacted the most by the pandemic. Nevertheless, most Canadian banks are struggling to maintain bottom lines as PCL on loans were significantly increased to prepare for uncertainties in the economy. [more]
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